XAU/USD trading strategy
XAU/USD chart and technical analysis 
The price of Gold has been in a steep bullish trend since last month and gained almost 11% since then. However, the appearance of the bearish head and shoulder pattern indicates a sharp decline ahead.The head and shoulder pattern is a bearish reversal pattern that appears when bears dominate the market and a bearish trend is followed afterwards.I am expecting the price will retest the neckline around the $1,978.25 resistance level before dropping to the $1,912.2 support level and beyond. Gold fundamental analysisFundamentally, the gold rally was mainly influenced by the Middles-East crisis. As the intensity of the crisis declines the price of gold will also possibly drop.Moreover, the dollar index was making a correction and was dropping which also helped the gold rally. Now that the Middle East crisis is less relevant and the US dollar seems gaining strength a short trend on gold will likely follow. Gold to US dollar trade idea takeaways
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